*Welspun India Ltd.* | *CMP* Rs. 146 | *M Cap* Rs. 14426 Cr | *52 W H/L* 171/62
(Nirmal Bang Retail Research)
*Result is marginally above expectations*
Revenue from Operations came at Rs. 2487.6 Cr (12.3% QoQ, 26% YoY) vs expectation of Rs. 2139.7 Cr, QoQ Rs. 2214.5 Cr, YoY Rs. 1973.7 Cr
EBIDTA came at Rs. 410 Cr (-8.3% QoQ, 3.4% YoY) vs expectation of Rs. 364.3 Cr, QoQ Rs. 447.1 Cr, YoY Rs. 396.6 Cr
EBITDA Margin came at 16.5% vs expectation of 17%, QoQ 20.2%, YoY 20.1%
Adj. PAT came at Rs. 199.1 Cr vs expectation of Rs. 193.9 Cr, QoQ Rs. 217.5 Cr, YoY Rs. 179.7 Cr
Quarter EPS is Rs. 2
Share is trading at P/E of 15.5x FY23E EPS